Decade Resources (TSXV:DEC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Decade Resources Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Decade Resources's cash to debt ratio for the quarter that ended in Jan. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Decade Resources could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Decade Resources's Cash-to-Debt or its related term are showing as below:

TSXV:DEC' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Decade Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:DEC's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:DEC: No Debt

Decade Resources Cash-to-Debt Historical Data

The historical data trend for Decade Resources's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Decade Resources Cash-to-Debt Chart

Decade Resources Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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No Debt

Decade Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Decade Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Decade Resources's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Decade Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Decade Resources's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Decade Resources's Cash-to-Debt falls into.

Decade Resources Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Decade Resources's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Decade Resources had no debt ⁽¹⁾.

Decade Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Decade Resources had no debt ⁽¹⁾.

Decade Resources (TSXV:DEC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Decade Resources Cash-to-Debt Related Terms

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Decade Resources (TSXV:DEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Decade Resources Ltd (TSXV:DEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DECXF:USA

Address

611- 8th Street, Box 211, Stewart, BC, CAN, V0T 1W0

Website

https://www.decaderesources.ca

Decade Resources Ltd is an exploration stage company. Its principal business activity is the acquisition, exploration and evaluation of mineral properties located in the Province of British Columbia, Canada. The company holds numerous properties such as Silver Crown, Red Cliff, Goat/Surprise Creek, Treasure Mountain, Red Cliff Extension, Cressy property, Terrace property, Del Norte property, and Lord Nelson property. Its properties and projects are located in the Golden Triangle area of northern British Columbia.

Executives

Edward Richard Kruchkowski

Director, Senior Officer